Geoffrey Kendrick cautions that if Bitcoin falls below 90,000 USD, half of the Bitcoin treasuries from non-crypto public companies will be underwater. At present, Bitcoin trades at around 106,000 USD and corporate uptake continues to rise.
Kendrick notes that as more companies accumulate Bitcoin, it may inadvertently contribute to price volatility, with risks of significant declines despite a bullish long-term forecast of 500,000 USD for Bitcoin.
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